Government of India has launched a scheme namely, Trade Infrastructure for
Export Scheme (TIES) from FY 2017-18 with the objective to assist Central and
State Government Agencies for creation of appropriate infrastructure for growth
of exports from the States. The Scheme provides financial assistance in the
form of grant-in-aid to Central/State Government owned agencies for setting up
or for up-gradation of export infrastructure as per the guidelines of the
scheme can be availed by the States through their Implementing Agencies, for
infrastructure projects with overwhelming export linkages like the Border
Haats, Land customs stations, quality testing and certification labs, cold
chains, trade promotion centres, dry ports, export warehousing and packaging,
SEZs and ports/airports cargo terminuses. The Scheme guidelines are available
‘National Retail Trade Policy (NRTP)’ is under formulation in this Department.
Comprehensive stakeholder consultations in all the States through FICCI, CII,
ASSOCHAM, PHDCCI and other trade and commerce associations were conducted to
get feedback on the needs and demands of the small traders.
video conference of Minister of Commerce and Industry with representatives of
Industry Associations, Export Organizations and Traders Organizations was held
on 18.02.2019, attended by more than 10,000 participants from a total of 42 NIC
Centers and 29 other locations across the country.
the World Gold Council (WGC) releases the report, ‘The 2019 Central Bank Gold
Reserves (CBGR) survey’. The report points to continued robust central bank
demand for gold in the short and medium term. 11% of emerging market and
developing economy (EMDE) central banks surveyed say they intend to increase their
gold reserves over the next 12 months. This is similar to last year’s purchases,
when 12% of the world’s 155 EMDE central banks bought gold.
gave rise to 651 tonnes of central bank gold demand, the highest level on record
under the current international monetary system. The planned purchases are
being driven by higher economic risks in reserve currencies. In the medium
term, central banks see changes in the international monetary system, with a
greater role for the Chinese renminbi and gold.
Gold Mines Limited announced its second quarter production results for 2019.
Focussing on Mercedes Mine, Mexico 2Q says a total of 15,532 ounces of gold and
56,522 ounces of silver were produced from Mercedes during the second quarter
of 2019 with mine production year to date coming predominantly from the
Diluvio, Rey de Oro and Lupita zones.
Technologies Ltd updates its investing public as to the Group’s revenues and
profitability for Q2 2019 & said, In our Q1 2019 results, we noted that the
prevailing negatives in the diamond industry midstream, which impaired our
results in the latter part of 2018, had persisted into FY2019 with negative
impact on the Group's financial results.
Q2 2019 our midstream customers continued to experience working capital issues
due to credit tightening policies implemented by Indian banks, the
uncertainties caused by the advent of lab-grown diamonds (LGD) in the market
remained and the ongoing trade disputes between the U.S. and China still
dampened the critically important Chinese market.
International Gemmological Conference, IGC2019 will take place in the beautiful
city of Nantes (France), with probably about 100 attendees expected. Prof. Emmanuel
Fritsch, Conference chair said: “We hope that will make this 36th edition of
IGC a great success. Our goal is to gather in Nantes (France) from 27-31 August
2019, the most renowned international experts together with students and
researchers who share interest in gems and Jewerly.”
to the announcement, a broad range of topics will be covered, including, but
not limited to: 1) Synthetic and natural diamonds, 2) Color stones and pearls, 3)
Gem treatments, 4) localities, geology and genesis of gemstones & 5)
physics and chemistry of gem materials.
per inputs received from Reserve Bank of India (RBI), as on 31.3.2019, there
were 1,938 unique borrowers with funded amount outstanding (FAO) of more than
Rs. 25 crore who had defaulted on their loans. Regarding the list of such borrowers,
RBI has apprised that under the provisions of section 45E of the Reserve Bank
of India Act, 1934, RBI is prohibited from disclosing credit information.
Section 45E provides that credit information submitted by a bank shall be
treated as confidential and not be published or otherwise disclosed.
of Bureau of Indian Standards (BIS) activities by the Department of Consumer
Affairs is a continuous process and such reviews are carried out through Review
Meetings, Management Control Report (MCR) etc. From time to time directions are
issued to BIS by the Department of Consumer Affairs to achieve targets related
to core activities and to take action for improvement in the areas where such
improvement is required.
of the important initiatives taken for effective implementation of the BIS Act,
1. Notification of
new BIS (Hallmarking)
Regulations, 2018 under
the Act. The Central Government has also notified, Gold
jewellery and gold artefacts and Silver jewellery and silver artefacts, to be
marked with Hallmark.
at a meeting of the World Business Council for Sustainable Development (WBCSD),
which took place during the United Nation’s 2019 High-Level Political Forum on
Sustainable Development in New York, CIBJO President Gaetano Cavalieri has
advocated for the position of small and medium-sized enterprises. Sustainable
economies rely on the contribution of SMEs, he said, but too often they find
themselves operating at a severe disadvantage when compared to larger
High-level Political Forum on Sustainable Development (HLPF), which currently
is underway at UN headquarters in New York, is the international body’s main
platform for monitoring follow-up on the actions of states and other actors
towards the Sustainable Development Goals (SDGs).
mining and processing plant (GOK) of V. Griba AGD Dimonds JSC mined a diamond
of gem-quality with a mass of 47.61 carats. Diamond is extremely rare deep
lemon hue belongs to the crystal series of class High End. Industry experts
note its extremely correct form, impeccable cleanliness and lack of
advanced mining technologies and gentle processing with enrichment using the
XRT system allow AGD Dymonds to mine large high-quality crystals without
damage, which leads to the maintenance of stable demand for diamonds from the
Yu. V. Griba in world markets. Surely the largest jewelry houses will show
great interest in the exclusive crystal.
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